Madison-based Remington Outdoor Co. announced Thursday that it has emerged from Chapter 11 bankruptcy after the firearms manufacturer implemented its plan of reorganization to reduce about $775 million of the company's debt. Remington filed its reorganization package with the United States Bankruptcy Court for the District of Delaware in late March. As detailed in the reorganization package, Remington converted $775 million in debt to equity. The company now has a $55 million First-In, Last-Out…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2018/05/18/nc-firearms-maker-emerges-from-bankruptcy.html?ana=RSS&s=article_search
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